Psychology Degree from University of Massachusetts – Boston Return on Investment

See what the return on investment is for jobs that someone with a Psychology degree from University of Massachusetts – Boston is likely to work in.

F D C B A
Approximate Total Payment $146,412
Approximate Total Interest $41,440
Monthly Payment $1016.75
Assumed Loan Type Direct Subsidized
Assumed Repayment Plan Standard Fixed
Assumed Payoff Years 12
Assumed Scholarship Amount $0
Assumed Down Payment $0

Top job projections for graduates in psychology from university of massachusetts - boston

Clinical, counseling, and school psychologists

Projection Rating: D+

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 30.57%-22.75%

Employment Change: 12.3%

Entry-Level Education: Doctoral or professional degree

Industrial-organizational psychologists

Projection Rating: A-

Median Annual Wage: $147,420

Percentage of Paycheck to Repay: 8.28%-6.16%

Employment Change: 0.5%

Entry-Level Education: Master's degree

Substance abuse, behavioral disorder, and mental health counselors

Projection Rating: C

Median Annual Wage: $53,710

Percentage of Paycheck to Repay: 22.72%-16.90%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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Investing in your education is a crucial decision, and choosing a Psychology Degree from the University of Massachusetts – Boston (UMass Boston) is no exception. This esteemed institution not only offers a comprehensive curriculum that covers essential psychological theories and practices, but it also provides a significant return on investment (ROI) for graduates.

With a Psychology Degree from UMass Boston, students gain access to a variety of career opportunities in fields such as mental health, education, social services, and corporate settings. Graduates are equipped with critical thinking, research, and communication skills that are highly valued by employers. According to recent data, individuals with a bachelor's degree in psychology can expect to earn a competitive salary, with the potential for even higher earnings as they gain experience and pursue advanced degrees.

The ROI of a Psychology Degree extends beyond salary. The program emphasizes real-world experience through internships and research projects, allowing students to apply their knowledge in practical settings. This hands-on learning approach not only enhances employability but also fosters networking opportunities that can lead to job placements after graduation.

Furthermore, UMass Boston's commitment to diversity and inclusion provides students with a rich educational environment. Graduates emerge with a well-rounded perspective, preparing them to work effectively in various communities and settings. The university's strong alumni network offers ongoing support and resources, further enhancing the value of your degree.

In summary, pursuing a Psychology Degree from the University of Massachusetts – Boston is a sound investment. With a robust educational foundation, valuable real-world experiences, and a strong alumni network, graduates are well-prepared to enter the workforce and achieve their career goals. Consider the long-term benefits of this degree and how it can shape your future in the field of psychology.

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.

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